ATA AIRLINES: Posts $23.6 Million Net Loss in February 2005FEDERAL-MOGUL: Earns $26 Million of Net Income in February 2005KAISER ALUMINUM: Earns $2.4 Million of Net Income in February 2005KEYSTONE CONSOLIDATED: Posts $3.4 Million Net Loss in March 2005MIRANT CORP: Earns $63.8 Million of Net Income in January 2005

ACCEPTANCE INSURANCE: Posts $54,671 Net Loss in March 2005----------------------------------------------------------On April 7, 2005, Acceptance Insurance Companies Inc., filed itsmonthly operating report for March 2005, with the U.S.Bankruptcy Court for the District of Nebraska.

Headquartered in Council Bluffs, Iowa, Acceptance InsuranceCompanies Inc. -- http://www.aicins.com/-- owns, either directly or indirectly, several companies, one of which is an insurancecompany that accounts for substantially all of the businessoperations and assets of the corporate groups. The Company filedfor chapter 11 protection on Jan. 7, 2005 (Bankr. D. Nebr. CaseNo. 05-80059). The Debtor's affiliates -- Acceptance InsuranceServices, Inc., and American Agrisurance, Inc. -- filed separatechapter 7 petitions (Bankr. D. Nebr. Case Nos. 05-80056 & 05-80058) on Jan. 7, 2005. John J. Jolley, Esq., at Kutak Rock LLP,represents the Debtor in its restructuring efforts. When theDebtor filed for protection from its creditors, it listed$33,069,446 in total assets and $137,120,541 in total debts.

Other income (expense) Interest income 142,000 Interest expense (525,000) Reorganization expenses (1,584,000) Other (77,000) -------------- TOTAL OTHER EXPENSE (2,044,000) --------------Income (loss) before income taxes (23,742,000)

Cash and equivalents at beginning of period 139,652,000 --------------Cash and cash equivalents at end of period $123,471,000 ==============

Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATAHoldings Corp. -- http://www.ata.com/-- is the nation's 10th largest passenger carrier (based on revenue passenger miles) andone of the nation's largest low-fare carriers. ATA has one of theyoungest, most fuel-efficient fleets among the major carriers,featuring the new Boeing 737-800 and 757-300 aircraft. Theairline operates significant scheduled service from Chicago-Midway, Hawaii, Indianapolis, New York and San Francisco to over40 business and vacation destinations. Stock of parent company,ATA Holdings Corp., is traded on the Nasdaq Stock Exchange. TheCompany and its debtor-affiliates filed for chapter 11 protectionon Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868through 04-19874). Terry E. Hall, Esq., at Baker & Daniels,represents the Debtors in their restructuring efforts. When theDebtors filed for protection from their creditors, they listed$745,159,000 in total assets and $940,521,000 in total debts.(ATA Airlines Bankruptcy News, Issue No. 20; Bankruptcy Creditors'Service, Inc., 215/945-7000)

ATA AIRLINES: Posts $23.6 Million Net Loss in February 2005-----------------------------------------------------------

ATA Holdings Corp. and Subsidiaries Unaudited Balance Sheet As of February 28, 2005

Assets

Current assets Cash and cash equivalents $104,550,000 Receivables, net of allowance for doubtful accounts 125,687,000 Inventories, net 40,376,000 Prepaid expenses and other current assets 51,336,000 -------------- Total current assets 321,949,000

Cash and cash equivalents, beginning of period 123,471,000 --------------Cash and cash equivalents, end of period $104,550,000 ==============

Headquartered in Indianapolis, Indiana, ATA Airlines, owned by ATAHoldings Corp. -- http://www.ata.com/-- is the nation's 10th largest passenger carrier (based on revenue passenger miles) andone of the nation's largest low-fare carriers. ATA has one of theyoungest, most fuel-efficient fleets among the major carriers,featuring the new Boeing 737-800 and 757-300 aircraft. Theairline operates significant scheduled service from Chicago-Midway, Hawaii, Indianapolis, New York and San Francisco to over40 business and vacation destinations. Stock of parent company,ATA Holdings Corp., is traded on the Nasdaq Stock Exchange. TheCompany and its debtor-affiliates filed for chapter 11 protectionon Oct. 26, 2004 (Bankr. S.D. Ind. Case Nos. 04-19866, 04-19868through 04-19874). Terry E. Hall, Esq., at Baker & Daniels,represents the Debtors in their restructuring efforts. When theDebtors filed for protection from their creditors, they listed$745,159,000 in total assets and $940,521,000 in total debts.(ATA Airlines Bankruptcy News, Issue No. 20; Bankruptcy Creditors'Service, Inc., 215/945-7000)

FEDERAL-MOGUL: Earns $26 Million of Net Income in February 2005---------------------------------------------------------------

KEYSTONE CONSOLIDATED: Posts $3.4 Million Net Loss in March 2005----------------------------------------------------------------On April 11, 2005, Keystone Consolidated Industries, Inc., and itsdebtor-affiliates filed their monthly operating report for themonth of March 2005, with the U.S. Bankruptcy Court for theEastern District of Wisconsin.

OTHER INCOME AND EXPENSES: Interest income 1,485,103 Interest expense (10,744,328) Equity in income of affiliates 2,177,300 Other (75,880) Reorganization items (1,060,683) Minority interest (2,330,802) Net income from discontinued operations (185,203) --------------- Total Other Income (10,734,493)

OTHER INCOME AND EXPENSES: Interest income - Interest expense (728,322) Equity in income of affiliates - Other 20,950 Reorganization items (3,104,909) Minority interest - Net income from discontinued operations - --------------- Total Other Income (3,812,281)

Provision (credit) for Income Tax 2,579 ----------Income (Loss) Before Minority Interest and Equity in Net Income (Loss) of Affiliates (10,779)Minority interest 0Equity in net income (loss) of affiliates (18) ----------Net Income (Loss) ($10,797) ==========

THAXTON GROUP: Posts $30.8 Million Net Loss in February 2005------------------------------------------------------------On Mar. 30, 2005, The Thaxton Group filed its monthly operatingreport for February 2005 with the U.S. Bankruptcy Court for theDistrict of Delaware.

The company reported a cumulative net loss of $4,677,273 on$12,849 revenue for the period from Jan. 1, 2005 thruFeb. 28, 2005.

Headquartered in Lancaster, South Carolina, The Thaxton Group,Inc., is a diversified consumer financial services company. TheCompany and its debtor-affiliates filed for Chapter 11 protectionon October 17, 2003 (Bankr. Del. Case No. 03-13183). The Debtorsare represented by Michael G. Busenkell, Esq., and Robert J.Dehney, Esq., at Morris, Nichols, Arsht & Tunnell. When theDebtors filed for protection from their creditors, they listed$206 million in assets and $242 million in debts.

Headquartered in Houston, Texas, Trinity Energy Resources, Inc.,develops and operates proven oil and gas reserves in the RockyMountains, Texas, and Louisiana, with international interests inthe African Republic of Chad. The Company filed for chapter 11protection on Jan. 31, 2003 (Bankr. S.D. Tex. Case No. 03-31453).John William Mahoney, Esq., at Williams Birnberg & Andersenrepresents the Debtor in its restructuring efforts. When theDebtor filed for protection from its creditors, it listed$1,009,626 in total assets and $1,619,031 in total debts as ofSept. 30, 2002. On April 23, 2003, the Bankruptcy Court appointedElizabeth M. Guffy as the Chapter 11 Trustee.

Headquartered in Atlantic City, New Jersey, Trump Hotels & CasinoResorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages oneproperty under the Trump brand name. The Company and its debtor-affiliates filed for chapter 11 protection on Nov. 21, 2004(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., atLatham & Watkins, LLP, and Charles Stanziale, Jr., Esq., JeffreyT. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,Stanziale, Sedita & Campisano, P.A., represent the Debtors intheir restructuring efforts. When the Debtors filed forprotection from their creditors, they listed more than$500 million in total assets and more than $1 billion in totaldebts.

TRUMP HOTELS: THCR Development's Amended Financial Schedules------------------------------------------------------------Trump Hotels & Casino Resorts Development Company, LLC'sSchedules of Assets and Liabilities is revised to include thisstatement for "other personal property of any kind not alreadylisted" in its Schedule C -- Property Claimed As Exempt:

"On June 24, 2003, Trump Hotels & Casino Resorts Development Company, LLC, filed a complaint against the Paucatuck Eastern Pequot Indian Tribal National in the Superior Court for New Britain, Connecticut. In that complaint, THCR Development alleged fraud, breach of contract, conspiracy, violation of the Connecticut Unfair Trade Practices Act, and intentional interference with contractual relations."

Headquartered in Atlantic City, New Jersey, Trump Hotels & CasinoResorts, Inc. -- http://www.thcrrecap.com/-- through its subsidiaries, owns and operates four properties and manages oneproperty under the Trump brand name. The Company and its debtor-affiliates filed for chapter 11 protection on Nov. 21, 2004(Bankr. D. N.J. Case No. 04-46898 through 04-46925). Robert A.Klymman, Esq., Mark A. Broude, Esq., John W. Weiss, Esq., atLatham & Watkins, LLP, and Charles Stanziale, Jr., Esq., JeffreyT. Testa, Esq., William N. Stahl, Esq., at Schwartz, Tobia,Stanziale, Sedita & Campisano, P.A., represent the Debtors intheir restructuring efforts. When the Debtors filed forprotection from their creditors, they listed more than$500 million in total assets and more than $1 billion in totaldebts.

Headquartered in Chicago, Illinois, USG Corporation-- http://www.usg.com/-- through its subsidiaries, is a leading manufacturer and distributor of building materials producing awide range of products for use in new residential, newnonresidential and repair and remodel construction, as well asproducts used in certain industrial processes. The Company filedfor chapter 11 protection on June 25, 2001 (Bankr. Del. Case No.01-02094). David G. Heiman, Esq., and Paul E. Harner, Esq., atJones Day represent the Debtors in their restructuring efforts.When the Debtors filed for protection from their creditors, theylisted $3,252,000,000 in assets and $2,739,000,000 in debts. (USGBankruptcy News, Issue No. 84; Bankruptcy Creditors' Service,Inc., 215/945-7000)

WINN-DIXIE: Earns $125.8MM of Net Income for 16 Days Ended Mar. 9-----------------------------------------------------------------

Decrease in cash and cash equivalents (162,849)Cash and cash equivalents at beginning of period 245,332 ----------CASH AND CASH EQUIVALENTS AND END OF PERIOD $82,483 ==========

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. -- http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 10; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Headquartered in Jacksonville, Florida, Winn-Dixie Stores, Inc. --http://www.winn-dixie.com/-- is one of the nation's largest food retailers. The Company operates stores across the SoutheasternUnited States and in the Bahamas and employs approximately 90,000people. The Company, along with 23 of its U.S. subsidiaries,filed for chapter 11 protection on Feb. 21, 2005 (Bankr. S.D.N.Y.Case No. 05-11063). D.J. Baker, Esq., at Skadden Arps SlateMeagher & Flom LLP, and Sarah Robinson Borders, Esq., and BrianC. Walsh, Esq., at King & Spalding LLP, represent the Debtorsin their restructuring efforts. When the Debtors filed forprotection from their creditors, they listed $2,235,557,000 intotal assets and $1,870,785,000 in total debts. (Winn-DixieBankruptcy News, Issue No. 9; Bankruptcy Creditors' Service,Inc., 215/945-7000)

Monday's edition of the TCR delivers a list of indicative pricesfor bond issues that reportedly trade well below par. Prices areobtained by TCR editors from a variety of outside sources duringthe prior week we think are reliable. Those sources may not,however, be complete or accurate. The Monday Bond Pricing tableis compiled on the Friday prior to publication. Prices reportedare not intended to reflect actual trades. Prices for actualtrades are probably different. Our objective is to shareinformation, not make markets in publicly traded securities.Nothing in the TCR constitutes an offer or solicitation to buy orsell any security of any kind. It is likely that some entityaffiliated with a TCR editor holds some position in the issuers'public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies withinsolvent balance sheets whose shares trade higher than $3 pershare in public markets. At first glance, this list may look likethe definitive compilation of stocks that are ideal to sell short.Don't be fooled. Assets, for example, reported at historical costnet of depreciation may understate the true value of a firm'sassets. A company may establish reserves on its balance sheet forliabilities that may never materialize. The prices at whichequity securities trade in public market are determined by morethan a balance sheet solvency test.

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